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- Yes Bank
Yes Bank MCLR Rates, Yes Bank Base Rate – Jul 2021
Yes Bank MCLR Rate
Last Updated 19th Jul 2021
Current MCLR rate of Yes Bank ranges from 6.20% to 8.45% varying by reset frequency of the loan. Yes Bank revises MCLR rates on a monthly basis and benchmark its interest rates for home loan and other loans to MCLR rates of different tenors.
| Tenure wise MCLR | Yes Bank Rate Today |
|---|---|
| Overnight | 6.20% |
| 1 Month | 6.70% |
| 3 Month | 6.95% |
| 6 Month | 8.00% |
| 1 Year | 8.45% |
| Yes Bank Base Rate | 9.00% |
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Yes Bank Interest Rates
Yes Bank offers the following loans to its customer on these rates currently:
| Home Loan Interest Rates | 8.95% * Floating | Detail |
| Loan Against Property Rates | 8.95% * Floating | Detail |
| Personal Loan Interest Rates | 10.70% to 19.99% | Detail |
| Business Loan Interest Rates | 16.25% to 19.99% | Detail |
| Gold Loan Interest Rates | 9.99% to 9.99% | Detail |
| Fixed Deposit Interest Rates | 3.25% to 6.50% | Detail |
| Saving Account Interest Rates | 4.00% to 5.50% | Detail |
| RD Interest Rates | 5.50% to 6.75% | Detail |
MCLR of Yes Bank
Yes Bank revises its MCLR rate on a monthly basis. Latest MCLR rates of Yes Bank as announced on 01 Jul 2021 are:
- Overnight MCLR Rate is 6.20%.
- 1 Month MCLR Rate is 6.70%.
- 3 Month MCLR Rate is 6.95%.
- 6 Month MCLR Rate is 8.00%.
- 1 Year MCLR Rate is 8.45%.
- 2 Year MCLR Rate is 0.00%.
- 3 Year MCLR Rate is 0.00%.
- 5 Year MCLR Rate is 0.00%.
Yes Bank MCLR Rate Trend
| Date | Yes Bank MCLR |
|---|---|
| 01st Jul 21 | Overnight : 6.20% 1 Month : 6.70% 3 Month : 6.95% 6 Month : 8.00% 1 Year : 8.45% |
| 01st Jun 21 | Overnight : 6.20% 1 Month : 6.70% 3 Month : 6.95% 6 Month : 8.00% 1 Year : 8.45% |
| 01st May 21 | Overnight : 6.20% 1 Month : 6.70% 3 Month : 6.95% 6 Month : 8.00% 1 Year : 8.45% |
| 01st Apr 21 | Overnight : 6.20% 1 Month : 6.70% 3 Month : 6.95% 6 Month : 8.00% 1 Year : 8.45% |
| 01st Mar 21 | Overnight : 6.20% 1 Month : 6.60% 3 Month : 6.90% 6 Month : 8.00% 1 Year : 8.45% |
| 01st Feb 21 | Overnight : 6.20% 1 Month : 6.60% 3 Month : 6.90% 6 Month : 7.95% 1 Year : 8.40% |
| 01st Jan 21 | Overnight : 6.20% 1 Month : 6.60% 3 Month : 6.90% 6 Month : 8.05% 1 Year : 8.40% |
| 02nd Nov 20 | Overnight : 6.35% 1 Month : 6.80% 3 Month : 7.75% 6 Month : 8.40% 1 Year : 8.80% |
| 01st Oct 20 | Overnight : 6.35% 1 Month : 6.95% 3 Month : 7.90% 6 Month : 8.50% 1 Year : 8.80% |
| 01st Oct 20 | Overnight : 6.35% 1 Month : 6.95% 3 Month : 7.90% 6 Month : 8.50% 1 Year : 8.80% |
| 01st Sep 20 | Overnight : 6.70% 1 Month : 7.45% 3 Month : 8.20% 6 Month : 8.60% 1 Year : 9.00% |
| 01st Aug 20 | Overnight : 7.05% 1 Month : 7.80% 3 Month : 8.55% 6 Month : 8.95% 1 Year : 9.10% |
| 01st Jul 20 | Overnight : 7.25% 1 Month : 8.30% 3 Month : 8.80% 6 Month : 9.10% 1 Year : 9.30% |
| 01st Jun 20 | Overnight : 7.35% 1 Month : 8.40% 3 Month : 8.90% 6 Month : 9.20% 1 Year : 9.40% |
| 01st May 20 | Overnight : 7.60% 1 Month : 8.50% 3 Month : 9.05% 6 Month : 9.30% 1 Year : 9.50% |
| 01st Apr 20 | Overnight : 7.70% 1 Month : 8.60% 3 Month : 9.15% 6 Month : 9.40% 1 Year : 9.65% |
| 02nd Mar 20 | Overnight : 7.90% 1 Month : 8.75% 3 Month : 9.20% 6 Month : 9.40% 1 Year : 9.70% |
| 01st Feb 20 | Overnight : 7.90% 1 Month : 8.75% 3 Month : 9.20% 6 Month : 9.40% 1 Year : 9.70% |
| 01st Jan 20 | Overnight : 7.90% 1 Month : 8.75% 3 Month : 9.20% 6 Month : 9.40% 1 Year : 9.70% |
| 02nd Dec 19 | Overnight : 7.90% 1 Month : 8.75% 3 Month : 9.20% 6 Month : 9.40% 1 Year : 9.70% |
| 01st Nov 19 | Overnight : 7.90% 1 Month : 8.75% 3 Month : 9.20% 6 Month : 9.40% 1 Year : 9.70% |
| 01st Oct 19 | Overnight : 8.00% 1 Month : 8.75% 3 Month : 9.20% 6 Month : 9.40% 1 Year : 9.70% |
| 02nd Sep 19 | Overnight : 8.00% 1 Month : 8.80% 3 Month : 9.20% 6 Month : 9.40% 1 Year : 9.70% |
| 01st Aug 19 | Overnight : 8.05% 1 Month : 8.80% 3 Month : 9.25% 6 Month : 9.45% 1 Year : 9.75% |
| 01st Jul 19 | Overnight : 8.10% 1 Month : 8.80% 3 Month : 9.25% 6 Month : 9.45% 1 Year : 9.70% |
| 01st Jun 19 | Overnight : 8.10% 1 Month : 8.90% 3 Month : 9.25% 6 Month : 9.45% 1 Year : 9.70% |
| 02nd May 19 | Overnight : 8.15% 1 Month : 8.80% 3 Month : 9.35% 6 Month : 9.50% 1 Year : 9.70% |
| 02nd Apr 19 | Overnight : 8.25% 1 Month : 8.80% 3 Month : 9.45% 6 Month : 9.55% 1 Year : 9.70% |
| 01st Mar 19 | Overnight : 8.25% 1 Month : 8.90% 3 Month : 9.45% 6 Month : 9.55% 1 Year : 9.70% |
| 01st Feb 19 | Overnight : 8.40% 1 Month : 8.90% 3 Month : 9.50% 6 Month : 9.65% 1 Year : 9.80% |
| 01st Jan 19 | Overnight : 8.40% 1 Month : 8.90% 3 Month : 9.55% 6 Month : 9.70% 1 Year : 9.85% |
| 01st Dec 18 | Overnight : 8.40% 1 Month : 8.95% 3 Month : 9.60% 6 Month : 9.70% 1 Year : 9.85% |
| 01st Nov 18 | Overnight : 8.40% 1 Month : 8.85% 3 Month : 9.60% 6 Month : 9.65% 1 Year : 9.80% |
| 01st Oct 18 | Overnight : 8.40% 1 Month : 8.80% 3 Month : 9.40% 6 Month : 9.55% 1 Year : 9.70% |
| 01st Sep 18 | Overnight : 8.40% 1 Month : 8.80% 3 Month : 9.35% 6 Month : 9.50% 1 Year : 9.65% |
| 01st Aug 18 | Overnight : 8.35% 1 Month : 8.75% 3 Month : 9.25% 6 Month : 9.40% 1 Year : 9.55% |
| 02nd Jul 18 | Overnight : 8.20% 1 Month : 8.60% 3 Month : 9.15% 6 Month : 9.30% 1 Year : 9.45% |
| 01st Jun 18 | Overnight : 8.15% 1 Month : 8.75% 3 Month : 9.20% 6 Month : 9.30% 1 Year : 9.45% |
| 01st May 18 | Overnight : 7.95% 1 Month : 8.50% 3 Month : 8.90% 6 Month : 9.15% 1 Year : 9.35% |
| 02nd Apr 18 | Overnight : 7.95% 1 Month : 8.40% 3 Month : 8.80% 6 Month : 9.05% 1 Year : 9.25% |
| 01st Mar 18 | Overnight : 7.95% 1 Month : 8.50% 3 Month : 8.80% 6 Month : 9.05% 1 Year : 9.25% |
| 01st Feb 18 | Overnight : 7.90% 1 Month : 8.25% 3 Month : 8.65% 6 Month : 8.95% 1 Year : 9.15% |
| 01st Jan 18 | Overnight : 7.90% 1 Month : 8.05% 3 Month : 8.35% 6 Month : 8.65% 1 Year : 8.95% |
| 01st Dec 17 | Overnight : 7.80% 1 Month : 7.95% 3 Month : 8.25% 6 Month : 8.55% 1 Year : 8.85% |
| 01st Nov 17 | Overnight : 7.80% 1 Month : 7.95% 3 Month : 8.25% 6 Month : 8.55% 1 Year : 8.85% |
| 01st Oct 17 | Overnight : 7.80% 1 Month : 7.95% 3 Month : 8.30% 6 Month : 8.50% 1 Year : 8.80% |
| 01st Sep 17 | Overnight : 7.80% 1 Month : 7.95% 3 Month : 8.30% 6 Month : 8.50% 1 Year : 8.80% |
| 01st Aug 17 | Overnight : 7.85% 1 Month : 8.05% 3 Month : 8.40% 6 Month : 8.55% 1 Year : 8.85% |
| 01st Aug 17 | Overnight : 7.85% 1 Month : 8.05% 3 Month : 8.40% 6 Month : 8.55% 1 Year : 8.85% |
| 01st Jul 17 | Overnight : 7.90% 1 Month : 8.10% 3 Month : 8.45% 6 Month : 8.55% 1 Year : 8.85% |
| 01st Jun 17 | Overnight : 7.95% 1 Month : 8.20% 3 Month : 8.55% 6 Month : 8.65% 1 Year : 8.90% |
| 02nd May 17 | Overnight : 7.95% 1 Month : 8.20% 3 Month : 8.45% 6 Month : 8.60% 1 Year : 8.80% |
| 03rd Apr 17 | Overnight : 7.95% 1 Month : 8.25% 3 Month : 8.40% 6 Month : 8.60% 1 Year : 8.80% |
| 01st Mar 17 | Overnight : 7.95% 1 Month : 8.30% 3 Month : 8.40% 6 Month : 8.60% 1 Year : 8.80% |
| 01st Feb 17 | Overnight : 8.15% 1 Month : 8.15% 3 Month : 8.30% 6 Month : 8.55% 1 Year : 8.85% |
| 02nd Jan 17 | Overnight : 8.15% 1 Month : 8.25% 3 Month : 8.40% 6 Month : 8.65% 1 Year : 8.95% |
| 01st Dec 16 | Overnight : 8.40% 1 Month : 8.40% 3 Month : 8.65% 6 Month : 8.85% 1 Year : 9.10% |
| 01st Nov 16 | Overnight : 8.50% 1 Month : 8.50% 3 Month : 8.80% 6 Month : 9.00% 1 Year : 9.25% |
| 01st Oct 16 | Overnight : 8.75% 1 Month : 8.80% 3 Month : 9.10% 6 Month : 9.20% 1 Year : 9.40% |
| 01st Sep 16 | Overnight : 8.75% 1 Month : 8.80% 3 Month : 9.10% 6 Month : 9.20% 1 Year : 9.45% |
| 01st Aug 16 | Overnight : 8.75% 1 Month : 8.80% 3 Month : 9.10% 6 Month : 9.20% 1 Year : 9.45% |
| 01st Jun 16 | Overnight : 8.90% 1 Month : 9.00% 3 Month : 9.25% 6 Month : 9.30% 1 Year : 9.50% |
| 01st Apr 16 | Overnight : 9.00% 1 Month : 9.10% 3 Month : 9.25% 6 Month : 9.40% 1 Year : 9.60% |
| 01st Nov 08 | Overnight : 8.40% 1 Month : 8.85% 3 Month : 9.60% 6 Month : 9.65% 1 Year : 9.80% |
- Effective 1st April 2016, Yes Bank has been directed by RBI to fix its loan interest rates benchmarked to MCLR rate which is based on its marginal cost of funds. Earlier, the bank fixed its loan interest rates to Base Rate, which was based on total cost of funds of the bank. Yes Bank MCLR rates for different tenors range from 6.20% to 8.45%.
- RBI allows banks to set their own MCLR Rate based on their marginal cost of funds which means the cost of raising new funds for the bank. So, Yes Bank decides and announces its MCLR rate regularly based on prescribed formula and policy rate changes by RBI in its monetary policy.
- Note that the RBI does not decide the MCLR Rate of any bank. RBI only announces the repo rate, which influences the cost of raising new funds for the bank. Banks may or may not decide to change their MCLR rate in response to changes in the repo rate. For instance, Yes Bank may decide to bring a lower cut in their MCLR rate compared to a Repo Rate cut. If RBI cuts the repo rate by 50 basis points or 0.5%, Yes Bank may decide to cut its 1 Year MCLR rate only by 0.25% based on its internal funding and liquidity position. Hence, it is important to compare the MCLR rate change of Yes Bank with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from Yes Bank.
- MCLR rate can be revised by Yes Bank every month. However, it is not mandatory for Yes Bank to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.
- As per the latest regulations given by RBI, with effect from April 1, 2019, all floating interest rates on retail loans are to be linked to external benchmark lending rates. These could be the RBI's repo rate, three-month treasury bill yield, six-month treasury bill yield or other benchmark rate published by the Financial Benchmarks India Pvt Ltd.This was done in view to promote the easier transmission of reduced interest rates to customers, which was not well done when rates were linked to MCLR.
Yes Bank Home Loan Interest Rate and MCLR
- Every floating rate loan sanctioned by Yes Bank is benchmarked to its MCLR Rate for a particular tenure, say 1 month or 3 month or 6 months.
- Shorter duration loans such as cash credit, OD facility, personal loans are linked to short tenure MCLR rate while longer duration loans such as home loan, loan against property, vehicle loan are linked to longer duration MCLR rates.
- The applicable rate of interest on a floating rate loan will consist of two parts - the applicable benchmark rate and the spread or margin above the benchmark.
Compare Yes Bank MCLR Rates with Other Banks
- Allahabad Bank
- Andhra Bank
- AU Small Finance Bank
- Axis Bank
- Bajaj Finserv
- Bandhan Bank
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- Canara Bank
- Central Bank of India
- Cholamandalam
- Citibank
- Corporation Bank
- DBS Bank
- DCB Bank
- Dhan Laxmi Bank
- Edelweiss
- Equitas Small Finance Bank
- ESAF Small Finance Bank
- Federal Bank
- GIC Housing Finance
- HDFC
- HDFC Bank
- HSBC Bank
- ICICI Bank
- ICICI Home Finance
- IDBI Bank
- IDFC First Bank
- IIFL
- Indiabulls
- Indian Bank
- Indian Overseas Bank
- IndusInd Bank
- Jammu And Kashmir Bank
- Jana Small Finance Bank
- Karnataka Bank
- Karur Vysya Bank
- Kotak Bank
- Lakshmi Vilas Bank
- LIC Housing Finance
- LT Housing Finance
- OBC
- Piramal Housing Finance
- PNB
- PNB Housing Finance
- Punjab and Sind Bank
- RBL Bank
- SBI
- South Indian Bank
- Standard Chartered Bank
- Syndicate Bank
- UCO Bank
- Ujjivan Small Finance Bank
- Union Bank of India
- United Bank of India
- Yes Bank
About Yes Bank
- Yes Bank's registered office is located at YES BANK Tower, IFC – 2, 15th Floor, Senapati Bapat Marg, Elphinstone (W), Mumbai 400 013, India..
- Yes Bank's management is led by its CEO Mr. Prashant Kumar.
- Its current Base Rate is 9.00%, which was last revised on 01st Feb 21.
FAQs
✅What is the MCLR of Yes Bank?
Yes Bank MCLR ranges between 6.20% to 8.45% for a tenure ranging between 1 month to 5 years.
✅What is the current Yes Bank MCLR rate?
Current Yes Bank, overnight tenure is 6.20%, 1 month mclr is 6.70% , three month mclr is 6.95%, six month mclr is 8.00%, one year tenure is 8.45% and two year tenure is 0.00%.
✅What is Yes Bank base rate?
Currently, Yes Bank offers loans at a base rate of 9.00%.
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Yes Bank News - Jul 2021
- 2021-06-02 : Yes Bank revised its MCLR for the month of June
Yes Bank changed its MCLR with effect from 1 June 2021. The overnight MCLR is 6.20%, MCLR for one month stands at 6.70%. The three months MCLR is 6.95%, and the rates for six months is 8%. Further, the one-year MCLR is 8.45%. - 2021-05-12 : Revised marginal cost of lending rate for Yes Bank
Yes Bank changed its MCLR with effect from 1 May 2021. The overnight MCLR is 6.20%, MCLR for one month stands at 6.70%. The three months MCLR is 6.95%, and the rates for six months is 8%. Further, the one-year MCLR is 8.45%. - 2021-04-12 : Yes Bank revised its MCLR for the month of April
Yes Bank changed its MCLR with effect from 1 April 2021. The overnight MCLR is 6.20%, MCLR for one month stands at 6.70%. The three months MCLR is 6.95%, and the rates for six months is 8%. Further, the one-year MCLR is 8.45%. - 2021-02-04 : Revised MCLR for Yes Bank
Yes Bank changed its MCLR with effect from 1 February 2021. The overnight MCLR is 6.20%, MCLR for one month stands at 6.60%. The three months MCLR is 6.90%, and rates for six months is 7.95%. Further, one-year MCLR is 8.40%. - 2020-10-06 : Yes Bank revised its MCLR
With effect from October 1, 2020, Yes Bank changed its MCLR. The overnight MCLR is 6.35%, MCLR for one month stands at 6.95%. The three months MCLR is 7.90%, and rates for six months is 8.50%. Further, one-year MCLR is 8.80%.
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